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Saturday 19 September 2020
Ads from moneylenders will now have to contain warnings about high interest rates, as well as encouraging consumers to look for other options
The government says that the banks have agreed that anyone availing of a mortgage break can now extend the loan term.
The supports aim to help with liquidity issues experienced by businesses.
Warnings often appear in the contract, rather than the ad.
In an interview with TheJournal.ie this week, the Taoiseach said he understood the intent behind Sinn Féin’s No Consent No Sale Bill.
There is a disparity across the country with some local authorities operating the schemes while others stopped years ago.
The new state lender aims to deliver 7,500 homes within five years.
Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.
The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
In a recent review the bank found it did not have the right five years ago to raise the rate of interest for for these customers.
High levels of household and public debt are also concerning, the Central Bank has said.
The register was formed as part of the EU/IMF bailout programme.
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
PTSB, which is 75% owned by the State, states it is selling off non-performing loans.
Pentire Property Finance is a subsidiary of US investment giant CarVal.
The loans were given for a number of reasons, including the purchases of games consoles.
The government is being accused of “kicking the can down the road” on education funding.
AIB was found to be in breach of the advertisers’ code.
Fianna Fáil’s Michael McGrath has called on the C&AG to investigate the sale of a Nama portfolio.
The loans were only offered to a select number of students at Dublin City University.
Housing has become the biggest issue for hundreds of thousands of people in Ireland.
Michael McGrath said that the situation was “incredible”.
Minister Simon Coveney says he doesn’t believe that any of the loans are unsustainable.
The ongoing investigation into the IBRC and the Siteserv deal has been held up by strict issues of legal confidentiality.
Druids Glen says despite the court proceedings it will be a case of “business as usual” at the course.
We’ve got you covered.
One TD has warned that the loans are reminiscent of “the economic euphoria” of the boom.
Shareholders will vote today on a number of measures.
Denis O’Brien, IBRC and an obsessive TD are all part of tangled web of controversy.
The total net loss amounted to €453,300 as he was repaying debts he already had with the banks.
A parliamentary question has revealed that as many as 40% of commercial loans had interest rates of less than 2%.
The judge said there were “unforeseen matters” in the case.
Some people still think we could have got a better deal, however.
The country’s finance minister has promised deep reform.
The four were among a group of 11 people arrested in garda raids in 2013.
MABS has been busy.
The central bank will no longer accept Greek debt as collateral for loans.
MORE THAN THREE-quarters of people would support the government looking into the prospect of a four-day work week, according to a new survey.
This means doing the same job for the same salary, but over four days rather than five.
There have been calls for this idea to be explored already and the Four Day Week Ireland campaign today released details on its public attitude survey conducted last month.
Two out of three respondents said a four-day work week is “realistic and achievable” in the medium term.
67% of employers said they support the idea and 46% said it would be “feasible” to trial in their workplace.
“The four-day week, with no loss of pay, offers the potential of a genuinely better future for workers and employers alike,” said Joe O’Connor, director of campaigning with Fórsa trade union.
What may once have seemed like a radical concept is now, for many, a reasonable and rational ambition. The Covid-19 pandemic has further disrupted societal and workplace norms, while illustrating the potential for very different models of work.
So today we’re asking: Would you support a four-day work week?
Poll Results:
Share your story: voices@thejournal.ie
Breezy this morning; otherwise, clearing
Max: 14 °C
Min: 11 °C
Mostly sunny
Max: 16 °C
Min: 8 °C
Some sun; fog early in the day
Max: 20 °C
Min: 12 °C
